Diversified conglomerate SM Investments Corp. (SMIC) saw a 53% growth in its net income for the past year, driven mainly by the strong performance of its key business units.
SMIC said its net income grew to P61.7 billion from P40.4 billion, while its consolidated revenues rose by 28% to P553.8 billion from P432.4 billion in the previous year.
The banking unit BDO Unibank Inc. said its net income increased to P57.1 billion from P42.8 billion, with gross customer loans up by 9% and total deposits up by 14%. “These companies are all profitable and generating significant contributions to our group earnings,” he added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maricel Laxa turns 53, celebrities shower her with greetingsKnow more about your favorite Kapuso in our exclusive interviews, photos, and videos.
Read more »
Meralco posts 10% jump in 2022 bottom lineThe Manila Electric Company (Meralco) reported double-digit growth for the full-year 2022, driven mainly by higher energy sales volumes from its Singapore gas-fired power plant.
Read more »
PBBM locks in on investmentsTells DTI chief to ensure billions in project pledges are followed through President Ferdinand R. Marcos Jr. has directed Trade
Read more »
VP Sara rated ‘excellent’ in December 2022 SWS satisfaction surveyThe Social Weather Stations (SWS) net satisfaction survey taken in December 2022 showed that Vice President Sara Duterte had a +77 or “excellent” net satisfaction rating.
Read more »
RCBC net income up 70% in 2022The Rizal Commercial Banking Corp. (RCBC) saw its net income climb by over 70% in 2022, on the back of the stronger performance of its core businesses during the period.
Read more »